Integrated Device Technology (IDTI) Earning Positive Press Coverage, Report Finds
Media stories about Integrated Device Technology (NASDAQ:IDTI) have been trending positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Integrated Device Technology earned a news impact score of 0.27 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 45.8688477498805 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Beholding Stock-:- Integrated Device Technology, Inc. (NASDAQ:IDTI), CenterPoint Energy, Inc. (NYSE:CNP), HMS … – Market Breaking Point (press release) (journalfinance.net)
- IDT Announces Microwave and Millimeter Wave Products, Accelerating Growth in Active Antenna Systems – Marketwired (press release) (marketwired.com)
- IDT announces milestone 30 million unit shipment of Qi wireless power transmitters (finance.yahoo.com)
Shares of Integrated Device Technology (NASDAQ:IDTI) opened at 27.00 on Friday. Integrated Device Technology has a 52 week low of $19.38 and a 52 week high of $28.08. The company has a market capitalization of $3.60 billion, a PE ratio of 35.06 and a beta of 1.99. The firm’s 50-day moving average is $24.77 and its 200 day moving average is $24.63.
Integrated Device Technology (NASDAQ:IDTI) last issued its earnings results on Monday, July 31st. The semiconductor company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.07). The firm had revenue of $196.71 million during the quarter, compared to analyst estimates of $195.10 million. Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. Integrated Device Technology’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. On average, analysts anticipate that Integrated Device Technology will post $1.49 earnings per share for the current fiscal year.
Several research analysts recently issued reports on IDTI shares. KeyCorp reissued a “buy” rating and issued a $30.00 price target on shares of Integrated Device Technology in a research report on Friday, September 1st. Zacks Investment Research raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Wednesday, July 5th. Loop Capital reissued a “buy” rating and issued a $29.00 price target on shares of Integrated Device Technology in a research report on Tuesday, August 22nd. BidaskClub lowered shares of Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Integrated Device Technology in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.17.
In related news, VP Mario Montana sold 20,374 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $24.43, for a total transaction of $497,736.82. Following the completion of the transaction, the vice president now directly owns 67,443 shares in the company, valued at approximately $1,647,632.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director S Kenneth Kannappan acquired 2,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $24.32 per share, with a total value of $48,640.00. Following the completion of the transaction, the director now owns 18,637 shares in the company, valued at $453,251.84. The disclosure for this purchase can be found here. 1.24% of the stock is currently owned by insiders.
Integrated Device Technology Company Profile
Integrated Device Technology, Inc develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions.
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